Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX+0.225%70s7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1411.406% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.225%, 7d avg −0.050%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.276% dearer against OKX than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of −0.050%): +$28 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 6.0 days. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SAHARA-USDT-SWAP	0.009319	0.0252	pay 0.0126% / 4h	1h 48m	$977K	$1.0M	20x
Short	ApeX Omni SAHARAUSDT	0.009340	0.0100	get 0.0013% / 1h	48m 17s	$19K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.225%Rate

Funding earned: −$32.02
Price spread: +0.225% → −0.050%: $27.58
Slippage, 4 orders: −$120.56
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$145
Costs to cover: 1.406%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	2.67 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	10.67 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit

SAHARA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SAHARAUSDT	+0.0100%	4h	0.009311	−0.086%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009320	+0.011%	$192K	$56K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009308	−0.118%	$1.4M	$229K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009310	−0.097%	$270K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009355	+0.383%	$141K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009340	+0.225%	$19K	$259K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009309	−0.113%	$1K	$213K	5x	as long as short
OKX SAHARA-USDT-SWAPlong	+0.0252%	4h	0.009319	long leg	$977K	$1.0M	20x
Aster SAHARAUSDT	+0.0490%	4h	0.009318	−0.006%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0508%	4h	0.009327	+0.086%	$1.2M	$406K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARA	+0.0788%	4h	0.009356	+0.394%	$22K	$12K	—	as long as short
Bybit SAHARAUSDT	+0.0841%	4h	0.009320	+0.011%	$1.9M	$1.3M	20x	as long as short
BingX SAHARA-USDT	+0.0844%	4h	0.009314	−0.054%	—	$2.3M	—	as long as short